On July 31, 2020, Thor Company's bank statement shows a cash balance of $9,710, but the general ledger shows a balance of $8,730. Further review of the bank statement and Thor's company records reveals the following: 1. Deposits outstanding: Deposited by Thor but not on the bank statement. $2,760 2. Checks outstanding: Recorded by Thor but not on the bank statement. $3,930 3. The bank included interest earned in Thor's account. $20 4. The bank statement shows an automatic withdrawal for July rent. $150 5. The bank statement shows a bank service charge on July 31, 2020. $60 REQUIREMENT 1: Prepare a bank reconciliation as of July 31, 2020 for Thor Company in proper form. (8 points) REQUIREMENT 2: Prepare the necessary entries to adjust the balance of cash. (4 points)